Lumoso Pratama adds supramax

Lumoso Pratama adds supramax

Sources link the shy Indonesian outfit, Lumoso Pratama, to its first ship buy in years.  The Southeast Asian line has reportedly laid $15.5m in front of Japanese owner Funada Kaiun, enough cash so it can walk away with the the eight-year-old  bulker Maple Island. Other brokers have diverging prices for this deal rising up as high as $17.2m.

Earlier this month a one year younger sister ship, the 55,600 dwt Rose Balsam fetched $16.1m. The price difference between the two is attributed to the fact the sale of the  Maple Island did not include the vessel’s grabs and that the ballast water treatment systems must still be installed by July 2018 to comply with US regulations. 

Lumoso Pratama Line, an affiliate of Tanto Intim Line, was established in 2008. Lumoso Pratama’s fleet list counts eleven ships made up of eight supramaxes and three handymax bulkers.

Hans Thaulow

Hans Henrik Thaulow is an Oslo-based journalist who has been covering the shipping industry for the last 15 years. As well as some work for the Informa Group, Hans was the China correspondent for TradeWinds. He also contributes to Maritime CEO magazine. Hans’ shipping background extends to working as a shipbroker trainee with Simpson, Spence & Young in Hong Kong.

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